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Blue Chip Growth

Stock Report: LaZBoy Incorporated (LZB) Report Updated: Feb 01, 2016 | Print This Page

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LaZBoy Incorporated (LZB)

Rating: Hold Volatility: Conservative
Total Grade: C Industry: Household Durables
Competitors: NVR, ZAGG, HOFT, LGIH
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Company Profile

La-Z-Boy Incorporated manufactures, markets, imports, distributes, and retails upholstery products, accessories, and casegoods furniture products under the La-Z-Boy brand name primarily in the United States and Canada. It operates in three segments: Upholstery, Casegoods, and Retail. The Upholstery segment manufactures, imports, and sells upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, ottomans, and sleeper sofas directly to La-Z-Boy Furniture Galleries stores, operators of Comfort Studios, dealers, and other independent retailers. The Casegoods segment manufactures, imports, markets, and distributes casegoods furniture, including bedroom sets, dining room sets, entertainment centers, and accent pieces, as well as coordinated upholstered furniture primarily to dealers and other independent retailers. The Retail segment sells upholstered furniture, as well as casegoods and other accessories to end consumers through the retail network. This segment operates 85 own La-Z-Boy Furniture Galleries stores located in 9 markets ranging from the Midwest to the east coast of the United States, including southeastern Florida and southern California. As of April 28, 2012, its network included 312 La-Z-Boy Furniture Galleries stores and 553 Comfort Studios. The company was formerly known as La-Z-Boy Chair Company and changed its name to La-Z-Boy Incorporated in 1996. La-Z-Boy Incorporated was founded in 1927 and is based in Monroe, Michigan.

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